ECLAC: Caribbean Economies to Grow 1.9 Percent This Year

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Above: Osvaldo Kacef, director of ECLAC’s Economic Development Division (Photo: ECLAC)

By the Caribbean Journal staff

Caribbean economies will grow at a rate of 1.9 percent, according to a report by the United Nations’ Economic Commission for Latin America and the Caribbean. Other than Haiti and the Dominican Republic, which continue to lead the region in growth, Suriname’s GDP is expected to see the largest rise with a 5 percent improvement in 2011, followed by Guyana. The report predicts a 2.6 growth rate for the Caribbean (outside of Haiti and the Dominican Republic) in 2012. See the chart below for the full GDP projections from the ECLAC.